HCAR has broken out of a bullish flag pattern around the 295 level on the weekly timeframe, confirming a continuation of its prior uptrend. The breakout was supported by strong momentum, suggesting further upside potential.
Key Levels:
Breakout: 295
Current Price: ~313
Target (TP): 570
Stop Loss (SL): 260
Technical Outlook:
The price has successfully retested the breakout zone and is now holding above it. Sustaining this level may drive the next bullish leg toward the 570 resistance zone. The structure remains strong unless the price falls back below 260.
Bias: Bullish
Pattern: Bullish Flag Breakout
Timeframe: Weekly
Key Levels:
Breakout: 295
Current Price: ~313
Target (TP): 570
Stop Loss (SL): 260
Technical Outlook:
The price has successfully retested the breakout zone and is now holding above it. Sustaining this level may drive the next bullish leg toward the 570 resistance zone. The structure remains strong unless the price falls back below 260.
Bias: Bullish
Pattern: Bullish Flag Breakout
Timeframe: Weekly
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.